What We’re Reading

"If everything goes right, the market cap of all digital brokerages in the United States could total $30 billion in 10 years. Over the past few years, large digital freight brokerages (DFBs) backed by venture capital have emerged in the global transportation and logistics industry. Although in North America startups dominate media coverage of DFBs, incumbents have made large investments in technology to digitize their brokerage operations."

"Technology in the form of electronic logging device systems is bringing new services to small and mid-tier fleets. Technology has allowed these fleets to band together and take advantage of aggregated discounts, receive sophisticated real-time telematics, use digital freight matching platforms and be a part of innovative business models."

"The rail infrastructure projects receiving funding are part of a multi-year, billion-dollar program by the Canadian government to invest in key trade corridors. The most recent announcement details plans to fund infrastructure improvements at the Port of Montreal. The government said on August 12 that it plans to spend C$18.5 million to improve truck flows at the port."

"Despite new tariffs kicking in on September 1st, retail container ports bound for the United States are pegged to come in at close to record levels through the end of 2019. It is neither swift or simple for retailers to alter supply chains, meaning that volumes should remain impressive."

"Although consolidation in the sector is unlikely to slow down, the rationale for acquisitions is changing. Acquisitions which enhance end-to-end capability will become the new trend – acquisitions which helped create Panalpina’s perishables network or UPS’ pharmaceuticals offer, for example – smaller targets that added specific capability, assets, technology, expertise etc."

Public Markets Overview1

Stock Price Performance1

M&A Transactions1,2,3

Recent M&A Transactions

Our Group

Harris Williams is a leading advisor to the transportation and logistics M&A market. Our Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, transportation equipment, and the automotive and heavy duty vehicle market.

Recently Closed T&L Deals

Deep Experience Across T&L Sectors

Public Comparables1

1. S&P Capital IQ

2. MergerMarket

3. Pitchbook

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